TN lottery sets sales record

7:45 AM, Jul 17, 2012   |    comments
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By Chas Sisk, The Tennessean

Sales of lottery tickets set a record, rising 11 percent in part because of March's record Mega Millions jackpot.

The lottery brought in more than $1.3 billion in the 12-month period that ended June 30, setting a record for the eighth consecutive year, the Tennessee Education Lottery Corp. said Monday.

The lottery's contribution for state education programs rose slightly less, by 10 percent. The $323.4 million contribution was also a record, beating last year's amount by about $30 million.

"We continue to hone our business model, developing new and innovative product offerings for the playing public, expanding our retailer base, emphasizing customer service, and operating at all times with efficiency and the utmost integrity," said Rebecca Hargrove, the lottery's president and CEO.

Sales were bolstered by Powerball's decision to increase the price of its tickets to $2 each and the record $656 million Mega Millions jackpot in March.